American appliance maker
Whirlpool has issued a downbeat earnings outlook after reporting weaker-than-expected quarterly results, citing inflation, tariffs, and geopolitical turmoil. The company has cut its guidance and signaled price increases to offset costs, as consumer demand for large home appliances declines amid weak housing activity and low confidence.
Inflation in the UK and US remains under pressure as the ongoing Middle East conflict sustains higher energy prices. UK CPI has fallen to 2.8% in April, but analysts warn this may be a brief respite as fuel and gas costs rise. Producer prices in the US have surged in April, signaling rising costs before they reach consumers.